Lennox International (NYSE:LII) Price Target Lowered to $501.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered its price target for Lennox International from $592.00 to $501.00, indicating a potential downside of 5.68% from the stock's previous close.
• Analysts' ratings on the stock are mixed, with five analysts rating it as a Buy, five as Hold, and three as Sell, resulting in an average rating of "Hold" and a consensus target price of $611.00.
• In Q2, Lennox International reported an earnings per share of $7.82, surpassing consensus estimates, and had a revenue of $1.50 billion, reflecting a 3.4% year-over-year increase.

Lennox International (NYSE:LII - Get Free Report) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $592.00 to $501.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "underweight" rating on the construction company's stock. JPMorgan Chase & Co.'s price target suggests a potential downside of 5.68% from the stock's previous close.

A number of other analysts have also recently weighed in on the stock. Barclays reduced their price objective on shares of Lennox International from $753.00 to $730.00 and set an "overweight" rating for the company in a research note on Tuesday, September 16th. Wells Fargo & Company upgraded shares of Lennox International from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $675.00 to $575.00 in a report on Monday, October 6th. Oppenheimer decreased their price target on shares of Lennox International from $730.00 to $675.00 and set an "outperform" rating for the company in a report on Wednesday, September 17th. UBS Group cut their price objective on Lennox International from $676.00 to $610.00 and set a "neutral" rating for the company in a research report on Tuesday, September 23rd. Finally, Robert W. Baird raised their target price on Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $611.00.

Lennox International Stock Performance

Shares of LII opened at $531.17 on Wednesday. The company has a market capitalization of $18.65 billion, a PE ratio of 22.71, a PEG ratio of 1.87 and a beta of 1.10. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 1.41. The company's 50 day moving average price is $558.63 and its 200 day moving average price is $568.83. Lennox International has a 52 week low of $500.10 and a 52 week high of $689.44.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.90 by $0.92. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Research analysts expect that Lennox International will post 22.94 EPS for the current fiscal year.

Insider Transactions at Lennox International

In related news, EVP Daniel M. Sessa sold 2,782 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total value of $1,864,051.28. Following the sale, the executive vice president owned 31,574 shares of the company's stock, valued at $21,155,842.96. The trade was a 8.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total value of $177,558.00. Following the transaction, the chief accounting officer directly owned 1,282 shares of the company's stock, valued at approximately $758,764.52. The trade was a 18.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lennox International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LII. Amundi increased its holdings in shares of Lennox International by 33.1% during the first quarter. Amundi now owns 189,571 shares of the construction company's stock worth $103,661,000 after buying an additional 47,170 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in Lennox International by 2.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 93,893 shares of the construction company's stock valued at $53,823,000 after purchasing an additional 2,555 shares in the last quarter. Russell Investments Group Ltd. raised its position in Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after purchasing an additional 50,188 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Lennox International by 25.3% in the first quarter. Baird Financial Group Inc. now owns 91,595 shares of the construction company's stock worth $51,369,000 after purchasing an additional 18,502 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Lennox International by 296.0% during the second quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company's stock worth $41,168,000 after purchasing an additional 53,679 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.

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